Author hkrichiedistribution
Subsea 7 announced today the award of two contracts by BP Exploration for the Azeri Central East project in the Azeri-Chirag-Deepwater Gunashli field in the Caspian Sea, in a water depth of approximately 140 meters. The work scopes comprise engineering and fabrication of subsea structures, engineering, transport and installation of spools, the launching of a
Pemex’s head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nation’s crude price formulas, people familiar with the matter said. Briones, who worked for two decades at PMI, the trading arm of Mexico’s state-owned oil company, left along with vice president
BP CEO Bob Dudley, who took the helm after the 2010 Deepwater Horizon oil spill crisis and has led the energy giant for almost a decade, is preparing to leave the company within a year, according to a Sky News report. Hot Tip Thousands of recruiters use oilandgaspeople.com to post jobs and find suitable candidates.
A blizzard of data on Saudi Arabia’s oil production, production capacity and exports has painted a picture of an industry that is almost back to normal after the Sept. 14 attacks. That view may be too simplistic, though. Here’s my take on how the numbers might be reconciled and what that means for Saudi oil
It was supposed to be BP’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil. The potential bonanza is still out of reach, two years after the London-based major teamed up with Brazil’s national oil company and a unit of China National Petroleum Corp. to outbid two
The Oil and Gas Industry is known as one of the most dangerous and high-risk working environments with thousands of workers putting their lives at risk every day. Advancements in technology help protect the physical safety of the workforce but sometimes the mental health of employees is neglected. Several studies have shown that workers in
Operating across the Beryl and Forties fields, Apache’s North Sea business has demonstrated its commitment to the basin with what is understood to be the largest life of field contract award in the history of the oil and gas sector in the UK. Headquartered in Aberdeen and now with a headcount of almost 900 people,
Shell UK asked Survitec in May 2018 for a turnkey solution to increase lifeboat capacity on the Shearwater gas hub by more than 22%. Survitec’s solution was to replace the existing three 49-person capacity lifeboats, with three 60-person lifeboats taking the total capacity from 147 to 180. The project was driven by an anticipated upturn
Total has closed the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion. This closing comes after Total reached a binding agreement with Occidental on May 3, 2019, to acquire Anadarko’s assets in Africa (Mozambique, Algeria, Ghana and South Africa) and signed the subsequent Purchase
Oil-tanker costs are surging after the U.S. slapped sanctions on Chinese companies it accused of hauling Iranian crude, prompting a scramble in freight markets to secure alternative vessels. Rates for ships hauling 2 MMbbl cargoes of Middle East oil to Asia jumped 19%, according to data from the Baltic Exchange in London. Shares of tanker